Displaying 1–10 of 15
Nov 17, 2021
TRANSPORTATION
A report released in September by the Massachusetts Taxpayers Foundation concluded the MBTA faces a growing future budget shortfall, due to the sluggish recovery in ridership and resulting lost fare revenue. It found the MBTA might face a budget...
TRANSPORTATION
Nov 12, 2021
TRANSPORTATION
According to Boston.com, a report released in September by the Massachusetts Taxpayers Foundation suggested the MBTA faces a growing future budget shortfall, due to the sluggish recovery in ridership and lost fare revenue. According to the report,...
TRANSPORTATION
Oct 27, 2021
TRANSPORTATION
But those lingering concerns, or the Massachusetts Taxpayers Foundation’s warning about the T facing a “fiscal calamity,” may have been on the mind of Transportation Secretary Jamey Tesler, who said in his opening remarks that the new board begins...
TRANSPORTATION
Oct 27, 2021
TRANSPORTATION
Keeping the transit system funded is another top concern among advocates. The Massachusetts Taxpayers Foundation recently reported that the MBTA’s operating and capital shortfalls coming in fiscal year 2024 will require $1.25 billion in new funding...
TRANSPORTATION
Oct 21, 2021
TRANSPORTATION
The Massachusetts Taxpayers Foundation reported recently that the MBTA could face a deficit as high as $400 million in its yearly budget that begins in 2023 and a $13 billion shortfall for core infrastructure improvements it plans to make over the...
TRANSPORTATION
Oct 07, 2021
TRANSPORTATION
A Massachusetts Taxpayers Foundation report published in September cautioned that the MBTA could face “fiscal calamity” in several years if the agency does not substantially overhaul its finances or if lawmakers do not decide to steer more dollars...
TRANSPORTATION
Oct 03, 2021
TRANSPORTATION
Senate President Karen Spilka this week stomped all over the idea of raising taxes or fees to generate more money for the MBTA: “So I’m not certain that there’s a need for even more money. I have not heard that from a single person,” she said,...
TRANSPORTATION
Sep 30, 2021
TRANSPORTATION
The Massachusetts Taxpayers Foundation recently released a report that found the T would need $1.25 billion in new annual revenue to meet its capital and operating needs in the coming years. ...
TRANSPORTATION
Sep 30, 2021
TRANSPORTATION
Tuesday's derailment is the latest in a series of problems on the T, from an escalator malfunction this weekend to a collision in July to another derailment in March that caused all new Orange and Red line train cars to be pulled from service....
TRANSPORTATION
Sep 27, 2021
TRANSPORTATION
The Massachusetts Taxpayers Foundation warned earlier this month the T could be facing a “fiscal calamity” that would require $1.25 billion in new annual revenue just to meet operating and capital needs. That does not include $2 billion in...
TRANSPORTATION